When one goes to the races and decides which horse to back, hopefully one does it with an understanding of the ‘form’ of the horse and the Jockey. Cyber is a major bet, the insurance industry has spent millions on…
Downsizing and cut backs affect everyone, as EY’s legal venture announces its reducing head count. Legal services at the big four accounting firms have grown modestly over the past few years, to some degree driving law firms to think about…
Two U.S Congressional Committees are reviewing the Swedish-Swiss engineering Group ABB, investigating security threats and risks posed China. ABB sells control and electrification equipment to Chinese companies, which sells cranes directly to U.S ports. ABB released a statement on Friday…
Thank you for posting Ted Dziekanowski. The SEC has to comply to FISMA, as much as SEC covered entities have to comply to the SEC final rule. While the SEC may not fully comply (as you say its complex) it…
An interesting article on retrocession insurance, as Swiss Re purchases the cyber market’s first retrocession industry loss warranty (ILW). The $50million ILW would appear to be a toe in the water for reinsurance, as the amount is not significant. But…
The scale of activity across JP Morgan’s infrastructure is reported to be around 45 billion transactions a day. That is a significant number and demonstrates the complexity of managing technology and cyber risk. Demonstrating why JP Morgan is reported to…
Ransomware attacks may not decreasing in frequency, but they are certainly increasing in sophistication. The Year on Year rise in ransomware seems to be continuing and we are definitely seeing the complexity of attacks increase as hackers target ever more…
A great report on the new boys and girls on the hacking block. Cyber statistics are always difficult to trust. Reporting cyber attacks is not a legal requirement, it is difficult to empirically pin down the size of the problem.…
Some threats are predicated, some threats are present. Rising geopolitical tensions, environmental action and AI are risks facing boards. A risk that is not discussed in depth is the risk that boards face from cybersecurity risk management regulation in the…
It has taken time, we have watched the cyber risk needle swing left and right. We are now seeing the needle swing fully in the direction of cyber risk, as Allianz reports that cyber is the top business risk for…
